“Neonode, a Nasdaq company with a near-monopoly on several touchscreen technologies, developed a pre-iPhone three years before the Apple (AAPL) iPhone and has severely disrupted AAPL’s patent case against Samsung,” James Altucher writes for Seeking Alpha.
“Apple just shot itself in the foot and all the blood is going to go to Neon,” Altucher writes. “AAPL is suing Samsung because Samsung is using Apple’s patents on their swipe technology. Guess what? Samsung is saying ‘NO’ because they are using NEON’s patents, which were patented earlier.”
Altucher writes, “And now I see that Apple wants 2.5% of Samsung’s billions in revenues. Well, guess what? Now AAPL might have to pay that to NEON.”
Read more in the full article here.
MacDailyNews Take: Last we looked, James Altucher was a hedge fund trader, not an intellectual property attorney.